Bitcoin buoyed by Dovish FOMC meeting minutes
Bitcoin finished higher overnight at $61,159 (3.46%), surging by more than $1800 post the release of dovish FOMC meeting minutes.
BTC is well placed to play some catch-up with the rally in other risk assets, particularly if it can reclaim the 200-day ma at $62,925. This would then set the stage for the move to extend towards trend channel resistance at 70k.
Aware that while the King of #Crypto remains below the 200-day ma, allow for another leg lower towards trend channel support $53,500 area.
BTC is well placed to play some catch-up with the rally in other risk assets, particularly if it can reclaim the 200-day ma at $62,925. This would then set the stage for the move to extend towards trend channel resistance at 70k.
Aware that while the King of #Crypto remains below the 200-day ma, allow for another leg lower towards trend channel support $53,500 area.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.